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Showing posts from September, 2017

Chapter1

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Business Driven Technology 1.1) Compare management information systems (MIS) and information technology (IT) 1.2) Describe the relationship among people , information technology and information 1.3)  Identify four different departments in a typical business and explain how technology        helps them to work together 1.4) Compare the four different types of organizational information cultures and decide which culture applies to your school INFORMATION TECHNOLOGY ROLE IN BUSINESS IINFORMATION TECHNOLOGY IMPACT ON BUSINESS OPERATION 1)Organizations typically operate by functional areas or functional silos 2) Functional areas are interdependent INFORMATION TECHNOLOGY BASICS Information technology (IT) a field concerned with the use of technology in managing and processing information I nformation

Chapter2

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IDENTYFYING COMPETITIVE ADVANTAGE Introduction   What is competitive advantage? A product or service that an organization’s customers place a greater value on than similar offerings from a competitor. Unfortunately, CA is temporary because competitors keep duplicate the strategy. Then, the company should start the new competitive advantage. FIVE SOURCES MODEL Buyer power Supplier power Threat of substitute products or services. Threats of new entrants. Rivalry among existing companies. INTRODUCTION FIVE SOURCES MODEL Michael Porter’s Five Forces Model is useful tool to aid organization in challenging decision whether to join a new industry or industry segment 1)BUYER POWER High – when buyers have many choices of whom to buy. Low – when their choices are few. To reduce buyer power (and create competitive advantage), an organization must ma